Breaking News-RTRS-CORRECTED-China to hold new state soybean auctions on Aug.12

BEIJING, Aug 7 (Reuters) - China will hold a fourth round of state soybean auctions on August 12, with a planned release of 500,000 tonnes, on a par with last week's sale, the official National Grain and Oil Trade Centre said on Friday.
In three sales, China sold 4,900 tonnes of soybeans, or less than 1 percent of the amount on offer, as crushers are reluctant to buy the expensive soybean reserves.
Analysts said they expected the government to offer subisidies for soybeans soon, as plants in northeast regions have been suffering from crushing losses because of high soy prices.